Ijab

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Rokn

Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd– عقد). The primary arkan (pl. of rokn)…

Rukn

Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (pl. of rukn)...

Sighah

Arabic (صيغة) for contractual formula (formula of a contract/ aqd). A formal exchange of offer/proposal (ijab or 'ardh) and acceptance...

Arabic (إيجاب) for offer; an essential element of a contract (aqd) in Islamic finance. It constitutes the declaration or a...

Ijab wa Qabul

Arabic (إيجاب وقبول) for offer (ijab or 'ardh) and acceptance (qabul); the two essential elements of a contract (aqd) in...

Muqayadha

A mode of trading (mutajara) which involves the exchange of one asset for another without resorting to a medium of...

Majlis al-Aqd

Arabic (مجلس العقد) for contracting session or contract assembly or meeting or place. It is anywhere two parties or more...